Oceanic Wind Energy (CVE:NKW) Trading Down 6.3%

Oceanic Wind Energy Inc. (CVE:NKWGet Rating)’s share price dropped 6.3% on Thursday . The company traded as low as C$0.15 and last traded at C$0.15. Approximately 94,500 shares were traded during trading, an increase of 86% from the average daily volume of 50,692 shares. The stock had previously closed at C$0.16.

Oceanic Wind Energy Price Performance

The company has a market cap of C$11.50 million and a P/E ratio of -75.00. The stock’s 50-day moving average is C$0.15 and its two-hundred day moving average is C$0.15.

About Oceanic Wind Energy

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Oceanic Wind Energy Inc develops renewable energy projects in Canada. It is developing an offshore wind energy project located in the Hecate Strait off the north coast of British Columbia. The company was formerly known as NaiKun Wind Energy Group Inc and changed its name to Oceanic Wind Energy Inc in May 2020.

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